MPO INVEST: what changed
MPO INVEST
Largest movements
- Cash -€255,895
down €255,895 (-51.8%), from €494,202 to €238,307
mainly Current investments (-€206,684) and Receivables within one year (-€50,354)
- Current investments +€206,684
up €206,684 (+136%), from €151,460 to €358,144
- Receivables within one year +€50,354
up €50,354 (+4.3%), from €1.2m to €1.2m
of which Other amounts receivable: +€52,059
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€46,007
up €46,007, from -€4,822 to €41,185
- Gross operating margin -€13,814
down €13,814 (-52.6%), from €26,281 to €12,467
- Depreciation -€7,464
no longer reported in 2025 (was €7,464)
- Other operating charges -€2,601
down €2,601 (-49.0%), from €5,306 to €2,705
- Taxes -€2,434
down €2,434 (-14.0%), from €17,419 to €14,985
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,809,804 | €1,810,947 | +€1,143 | +0.1% |
| Current assets | 29/58 | €1,809,804 | €1,810,947 | +€1,143 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,164,142 | €1,214,496 | +€50,354 | +4.3% |
| Trade receivables | 40 | €1,705 | - | -€1,705 | |
| Other amounts receivable | 41 | €1,162,437 | €1,214,496 | +€52,059 | +4.5% |
| Current investments | 50/53 | €151,460 | €358,144 | +€206,684 | +136% |
| Cash at bank and in hand | 54/58 | €494,202 | €238,307 | -€255,895 | -51.8% |
| Total equity and liabilities | 10/49 | €1,809,804 | €1,810,947 | +€1,143 | +0.1% |
| Equity | 10/15 | €1,779,363 | €1,786,743 | +€7,380 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,765,103 | €1,772,483 | +€7,380 | +0.4% |
| Amounts payable | 17/49 | €30,441 | €24,204 | -€6,237 | -20.5% |
| Amounts payable within one year | 42/48 | €27,750 | €24,138 | -€3,611 | -13.0% |
| Taxes, remuneration and social security | 45 | €2,495 | - | -€2,495 | |
| Taxes | 450/3 | €2,495 | - | -€2,495 | |
| Other amounts payable | 47/48 | €25,254 | €24,138 | -€1,116 | -4.4% |
| Accrued charges and deferred income | 492/3 | €2,691 | €66 | -€2,626 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,464 | - | -€7,464 | |
| Other operating charges | 640/8 | €5,306 | €2,705 | -€2,601 | -49.0% |
| Gross operating margin | 9900 | €26,281 | €12,467 | -€13,814 | -52.6% |
| Operating profit (loss) | 9901 | €13,512 | €9,763 | -€3,749 | -27.7% |
| Financial income | 75/76B | €54,506 | €53,786 | -€720 | -1.3% |
| Recurring financial income | 75 | €54,506 | €53,786 | -€720 | -1.3% |
| Financial charges | 65/66B | -€4,822 | €41,185 | +€46,007 | |
| Recurring financial charges | 65 | -€4,822 | €41,185 | +€46,007 | |
| Profit (loss) for the period before taxes | 9903 | €72,840 | €22,364 | -€50,476 | -69.3% |
| Income taxes | 67/77 | €17,419 | €14,985 | -€2,434 | -14.0% |
| Profit (loss) for the period | 9904 | €55,422 | €7,380 | -€48,042 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,422 | €7,380 | -€48,042 | -86.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.